The board of directors of Zhuzhou CRRC Times Electric Co., Ltd. announced that, at the Board meeting held on 12 October 2021, the Board proposed the profit distribution plan for the first half of 2021 (i.e. for the six months ended 30 June 2021) to distribute a cash dividend of RMB 0.45 per share (tax inclusive) (the "Cash Dividend") to all shareholders based on the total registered capital of the Company of 1,416,236,912 shares as of 30 September 2020. The total amount of the proposed Cash Dividend is estimated to be RMB 637,306,610.40 (tax inclusive).